Analysts at KeyCorp started coverage on shares of LyondellBasell Industries (NYSE:LYB) in a research note issued to investors on Wednesday, The Fly reports. The brokerage set a “sector weight” rating on the specialty chemicals company’s stock.
Other research analysts also recently issued research reports about the company. Barclays reiterated a “buy” rating and issued a $96.00 price objective on shares of LyondellBasell Industries in a report on Tuesday, February 4th. Zacks Investment Research lowered LyondellBasell Industries from a “hold” rating to a “strong sell” rating and set a $89.00 price target on the stock. in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed a “positive” rating and issued a $90.00 price target on shares of LyondellBasell Industries in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upgraded LyondellBasell Industries from an “underweight” rating to a “neutral” rating and set a $71.00 price objective for the company in a research report on Friday, February 28th. Finally, Morgan Stanley lowered their price target on shares of LyondellBasell Industries from $110.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Buy” and an average target price of $82.47.
Shares of LYB traded up $6.81 during mid-day trading on Wednesday, reaching $52.10. The company’s stock had a trading volume of 4,872,500 shares, compared to its average volume of 3,359,009. The stock has a market cap of $13.51 billion, a PE ratio of 5.44, a P/E/G ratio of 0.70 and a beta of 1.36. The company has a current ratio of 1.83, a quick ratio of 0.95 and a debt-to-equity ratio of 1.59. LyondellBasell Industries has a 52 week low of $33.71 and a 52 week high of $98.91. The company’s fifty day moving average price is $68.97 and its two-hundred day moving average price is $84.65.
LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.46 billion. LyondellBasell Industries had a return on equity of 36.95% and a net margin of 9.78%. LyondellBasell Industries’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 EPS. Research analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in shares of LyondellBasell Industries by 65.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,658 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 657 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of LyondellBasell Industries by 199.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 209,458 shares of the specialty chemicals company’s stock worth $19,708,000 after purchasing an additional 139,458 shares in the last quarter. Norges Bank bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $285,621,000. 1832 Asset Management L.P. lifted its position in LyondellBasell Industries by 8.8% in the 4th quarter. 1832 Asset Management L.P. now owns 157,798 shares of the specialty chemicals company’s stock valued at $14,741,000 after acquiring an additional 12,772 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $224,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
About LyondellBasell Industries
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
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